How Do I Calculate My Leave Encashment and Understand Pro-rated EL Days?

Leave Encashment Calculation

How much amount can I get if the leave encashment formula is as follows:

Annual Fixed Compensation / 365 * Number of pro-rated EL days to be encashed?

My Annual Fixed Compensation is 11,13,000 per annum, and the number of earned leaves remaining is 5.

Understanding Pro-rated EL Days

What is meant by pro-rated EL days? Is it the same as EL, i.e., 5 in my case?

The user input provided is a mathematical expression. Here is the corrected and formatted version:

1113000 / 365 x 5 (since this is the balance) = 15246.57

This expression appears to calculate a value based on a given balance. If you need further assistance or clarification, feel free to ask.